Enviro Infra Engineers IPO sees strong demand, subscribed 12.52 times on second day

Enviro Infra Engineers' initial public offering (IPO) was subscribed 12.52 times by the end of its second day on November 25. Investors bid for over 38.55 crore shares, significantly exceeding the 3.07 crore shares available. Non-Institutional Investors led the demand, subscribing 34.6 times, while retail investors subscribed 8.73 times. Qualified Institutional Buyers subscribed 2.58 times. The IPO opened on November 22 and will close on November 26. The grey market premium for the shares is ₹46, suggesting a potential listing price of ₹194 per share. The company plans to use the funds for working capital and project development.